All Forum Posts by: Ted S.

I personally own six rental properties in which I pay a total of $3720 in mortgage payments. One property worth 140,000 is paid off in full. I also own a five Plex which I owe 40,000 and is worth 300,000. My question is should I take out a home equity loan from my five Plex or a line of credit from my single-family rental in order to combine all the loans into one. I would use the remaining of the money to purchase more rental properties. I have a total of two line of credits in which I’m making payments now and three mortgages with a total of five. I was thinking by doing this my monthly mortgage payment would drop to about 1300 a month, 15/20 loan.

Thank you for your responses.

@Bradford Behrins

I am definitely interested in this.. Good Question!

@Justin Reyes Nope!

Im looking to purchase a foreclosure home for my family. What websites do you guys/gals recommend. Also, what advice do y’all have?

My goal this year is to purchase a quad Plex or more. Need tips on how to start.

......and most importantly, how to start?

I’m really interested in doing my first flip.  I live in Philadelphia, PA.  I’ve been doing rentals for about 10 years. Any ideas on where and how to start?

Awesome, thanx for the advice👍

 My question is I work full-time and our own properties. Having a difficulty separating the money. I wanted to bank my full-time job income and live by my rental income. Does anyone have a way of tracking all your expenses and income. May be a good app or some other way.

Awesome!  thanks for all the advice everyone. Very helpful.